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1. How much can I borrow?
A: We can make loans up to $4 million and in some cases up to $10 million.
2. Are you a broker?
A: Preferred Capital is a direct lender and licensed participant specializing in SBA loans.
3.Am I required to contribute money?
A: Usually, but not always. It depends on the situation and use of loan proceeds. In some cases, 100% financing is available.
4. How much does the financing cost?
A: It depends on your financing needs. Some loans have variable interest rates and others have fixed rates. We generally do not charge origination fees on our SBA loans; however, SBA does have a fee that can often be financed.
5. When can I close?
A: We are structured and focused on offering fast turnaround times and closings. We are typically able to close loans in as few as 30 days.
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